in the middle east and north africa. the u.s. ambassadoroflibyaiskilled. the shockwaves are just beginning. what will the fallout be for global energy prices and security? we get insight from former u.s. ambassador to iraq james jeffries. >>> plus think paying four bucks a gallon for gas is pad? how about nine bucks a gallon? a group of gas stations across the northeast is jacking up its prices in protest. i will talk to the gas station manager hoping to lead the charge to find out why. >>> tech nerds rejoyce. the curtain rises on the new iphone. expectations could not hit higher but does it hit the mark? we'll talk with adam lashinsky. even when they say it's not it is always about money. melissa: and first let's take a look at today's market headlines. stocks to the plus side for a second day but wall street remains cautious. the fed ends its two-day fomc tomorrow. announcement whether more stimulus will be used to jolt the economy is expected. the dow closed up nine points. the euro climbing to a knife-month high versus the dollar. germany's high court refused to block the creation afte

tonight, will we or won't we keep fundinglikelibyaandegypt as anti-american violence escalates there? a group of house republican are saying no, we should not. the house is set to vote any minute on the continuing resolution which include almost $7 billion in mideast aid provisions but is cutting all the aid for these countries really a good plan? mike barrett a principle with the international security consulting firm. david: diligent innovations. thanks for joining me, mike. what is the downside cutting aid to egypt and libya because it is very tempting right now? >> it is very tempting and would feel good emotionally, reality money we give to egypt is the military. one thing that is keeping muslim brotherhood in line. the military is pretty well-educated. they tend to be more western. they tend to be pretty advanced. they are kind after bulwark there helping long-term interests of the united states. if we're cut off funding we're really only slepting the hand of the muslim brotherhood. melissa: we give $1.6 billion that is late slated this year goes to egypt. doesn't seem like the

presenceinlibyaandhe ought to acknowledge that. melissa: why do you think he is not meeting with bebe netanyahu. >> i think it is a mistake. i think there is rocky relationship between the united states and israel, probably the rockiest of the last 30 years. the president in his interview last night on "60 minutes" said he would ignore the noise. that's how he referred to it. he referred to the death of our ambassador as a bump in the road. i think that the president is way off base on this. i sit on the foreign relations committee. we had a top secret briefing what happened in libya. i think they're either stonewalling. to me seems like there is cover-up going on. that they don't want the american people to know what really happened there. melissa: why? >> makes you wonder, what really happened? why are they not sharing this information with the american people? this was not something that was the result of a, of a poorly-made youtube video. this was on 9/11. melissa: right. >> this was something preplanned, organized. might have been weeks or months in advance. people showed up with

. attacks on u.s. embassiesinlibya, egyptand yemen rand protests elsewhere are threatening the state of security in the arab world. also hanging in the balance, much of the world's supply of oil. i just returned from bahrain and a stay on board the uss enterprise. we examine the security of the strait of hormuz and i got a first-hand look how the u.s. navy protects this important passageway for 20% of the world's ol. tonight my exclusive sit down with sheikh mubarak. bahrain is the regional home for the u.s. navy's fifth fleet. the small gulf country is grappling with its own citizens arab spring aspirations and there has been violence. the sheikh defends the family's crackdown on protesters. my rear interview with ted, slap shot carter. commander of the strike group twelt. he is on the uss enterprise and is in charge of making sure millions of barrels of oil get you there the straight every day despite threats from iran to close it down. we talk about what is takes to keep the commercial waterway flowing. and how cuts in washington could affect the navy's mission in the entire persi

they engage in. didn't stop peopleinlibyaforkilling an american ambassador, the first one killed since jimmy carter. melissa: yeah. >> the president described on "60 minutes" as just a bump in the road. what the heck's that all about? just a bump in the road? an ambassador killed. another diplomat killed. two navy seals killed. dozens of people in syria killed. demonstrations all over the world. if he considers that a bump in the road we're in serious trouble. melissa: we have a sound bite where he addressed that in his speech while at the u.n. let me play that and get your reaction on the other side. >> i know there is some who ask, why don't we ban such a video? the answer is enshrined in our laws. our constitution protects the right to practice free speech. here in the united states, countless publications provoke offense. like me, the majority of americans are christian and yet we do not plan blasphemy against our most sacred beliefs. >> watched that and was ripping my hair out. do we really think that was about the movie. here he is legitimatizing that point of view saying all thi